Harrington, A Portfolio Company Of Nautic Partners Since March 2020, Has Acquired Commercial Industrial Supply
Aug 02, 2022•about 3 years ago
Acquiring Company
HarringtonSince March 2020
Acquired Company
Commercial Industrial Supply
Description
Harrington Industrial Plastics (“Harrington”) is pleased to announce the acquisition of Commercial Industrial Supply (“CIS”), in partnership with CIS’s owner, Ron Heisler.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed